#BTC weekly close occurred above the 82885 level we have been tracking, marking the first higher high relative to the latest downtrend. We have received another signal that the rise is likely to continue.
On the 4-hour chart, it tested the 82885 support, and the first buyers stepped in, but the buying is not yet strong. If it cannot hold this level, we can monitor the support at 80138. If it holds at either level, the possibility of a rise on the 4-hour chart will remain.
On the daily chart, the 74892 low is important. As long as it holds, the rise is expected to continue. However, a close below it would mean that the decline is beginning, and further downside is expected.
During a decline, we will monitor the supports in the 67306-66769 region. If a bullish structure forms at either level, another rise may occur.
98000 and the 107-109 thousand region are resistance levels. In fact, a bearish Libra pattern may form in the 107-109 thousand region. If the pattern forms, a decline is expected unless there is a weekly close above 126000.
On the 4-hour chart, it tested the 82885 support, and the first buyers stepped in, but the buying is not yet strong. If it cannot hold this level, we can monitor the support at 80138. If it holds at either level, the possibility of a rise on the 4-hour chart will remain.
On the daily chart, the 74892 low is important. As long as it holds, the rise is expected to continue. However, a close below it would mean that the decline is beginning, and further downside is expected.
During a decline, we will monitor the supports in the 67306-66769 region. If a bullish structure forms at either level, another rise may occur.
98000 and the 107-109 thousand region are resistance levels. In fact, a bearish Libra pattern may form in the 107-109 thousand region. If the pattern forms, a decline is expected unless there is a weekly close above 126000.
